Mink Ventures Closes $731,518 in First Tranche of Non-Brokered Private Placement

Core Viewpoint - Mink Ventures Corporation has successfully closed the first tranche of its non-brokered private placement, raising gross proceeds of $731,518 for its mineral exploration projects [1][6]. Group 1: Private Placement Details - The first tranche included the issuance of 4,810,000 hard dollar units at $0.10 each and 1,927,061 flow-through units at $0.13 each [1]. - Each hard dollar unit consists of one common share and one common share purchase warrant, allowing the holder to acquire one common share at an exercise price of $0.20 for 36 months [2]. - Each flow-through unit consists of one common share and one common share purchase warrant with the same terms as the hard dollar units [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be used for the exploration and advancement of the Montcalm nickel copper cobalt project and the Warren copper nickel project, as well as for general working capital purposes [5]. Group 3: Company Overview - Mink Ventures Corporation is focused on exploring critical minerals such as nickel, copper, and cobalt in the Timmins, Ontario area [6]. - The Montcalm Project covers 100 km adjacent to Glencore's former Montcalm Mine, which had historical production of 3.93 million tonnes of ore grading 1.25% Ni, 0.67% Cu, and 0.051% Co [6]. - The Warren Ni Cu Co Project covers 1,130 hectares and is located 35 km away from Montcalm, both projects benefiting from excellent access and infrastructure [6].